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LETTERHEAD M. KNOEDLER & CO., 355 FIFTH AVENUE, NEW YORK. PARIS, 23 PLACE VENDÔME LONDON, 15 OLD BOND STREET. CABLE ADDRESSES } NEW YORK KNOEDLER } PARIS

} LONDON

/LETTERHEAD

July 6, 1908.

Mr. H. C. Frick, Pittsburgh, Pa.

Dear Sir:-

We have your favor of the 4th inst. notifying us that you have forwarded check for $121,500 to our credit to the National City Bank of New York, being proceeds of our note dated July 1st, due December 15th, 1908, for $125,000, for which we thank you.

Very truly yours,

SIGNED M. Knoedler & Co E.W. K.

RUBBER STAMP OFFICE OF H. C. FRICK. RECEIVED JUL 7 1908 FORWARDED REFERRED ANSWERED

/RUBBER STAMP

NOTE File with note /NOTE